Tuesday, February 24, 2009

Govt reduces excise duty, service tax by 2 percent

Government today reducedrates of excise duty and Service tax by two per cent. The general excise duty has been reduced from 10 per cent to 8 per cent. The rate of service tax cut from 12 per cent to 10 per cent. Duty on bulk cement has been reduced from 10 per cent to 8 per cent.

Saturday, February 21, 2009

CA Final - Inputs for exams - Paper 8 - In Direct Taxes

Hi Frenz,

I'm just putting down the points that i followed for the CA - Final exams. The books / points referred in the note below need not necesarily be followed. You can always follow other books/ points.

Paper 8 – In Direct Taxes

1. (Gurukripa - Padhuka Publications) / Vaideeshwaran / Ajay Jain book is sufficient. (Follow only one latest book)

2. If you have attended classes than first read class notes and then read the reference material

3. Read the provisions deeply because the questions will be very tricky.

4. Time will NOT be a constraint. You can attend 100 marks very easily. (This is a scoring subject. Target should be above 70 marks)

5.Preference of Study can be as follows
a. Excise
b. Customs
c. Cenvat
d. Service Tax (32 Services)

6. The pattern of the question paper is as follows:

a. You have to attend 6 out of 9 questions
b. No choice in ST Questions

8. Please go through the RTP prescribed for your attempt, atleast 10 marks comes from RTP

9. Please read recent amendments & get the amendments book from the Institute relevant to your attempt. Atleast 20 marks will come amendments

10. Please get the select case laws book from the institute relevant for your attempt. Atleast 10 marks will come from the select case laws.


Further Suggestions / Inputs / Comments are invited.
Thank You.